Common use of Maintenance and Operation Clause in Contracts

Maintenance and Operation. The Borrower shall do or cause to be done, and shall cause each Restricted Subsidiary to do or cause to be done, all things necessary or required to have all its properties, assets and operations owned, operated and maintained in accordance with prudent industry practices, Environmental Law and all other applicable Laws, except to the extent that the failure to do so would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New)

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Maintenance and Operation. The Each Borrower shall do or cause to be doneshall, and shall cause each Restricted Subsidiary to to, do or cause to be done, all things necessary or required to have all its properties, assets and operations owned, operated and maintained in accordance with sound, diligent and prudent industry practices, Environmental Law practice and all other applicable Laws, Applicable Laws except to the extent that the failure to do so or cause to be done the same would not have and would not reasonably be expected to have a Material Adverse Effect, and at all times cause the same to be owned, operated, maintained and used in compliance with all terms of any applicable insurance policy.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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Maintenance and Operation. The Borrower shall do or cause to be done, and shall cause each Restricted Subsidiary to do or cause to be done, all things necessary or required to have all its properties, assets and operations owned, operated and maintained in accordance with prudent industry practices, Environmental Law practices and all other applicable Laws, except to the extent that the failure to do so would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Viggle Inc.)

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